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History of the US Banking System
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History of the US Banking System
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18. The Monetary System / History of the US Banking System / Problem 3
Problem 3
What was a significant effect of bank runs during the Great Depression?
A
They deepened the economic recession by causing banks to fail.
B
They had no impact on the overall economy.
C
They led to increased bank profits.
D
They resulted in the immediate recovery of the economy.
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